Coin Race: Top Winners/Losers of September and Q3 – Is a New Bull Market Starting?
September is over and fall is here, and the crypto market looks like it’s preparing for a long winter. As always when we enter a new month, we take a look back to see how things have gone over the past month, and this time also the past quarter.
As a reminder, August was also a difficult month to navigate in the crypto markets, with all of the top 10 coins by market capitalization seeing lower prices for the month. In September, however, things did improve slightly, with some coins now seeing green numbers for the month.
Among the top 10 coins by market capitalization, the picture was mixed in September, with a few coins seeing strong gains but most other coins seeing lower prices.
Best among these major coins was Ripple’s XRP token, which has seen excitement build as Ripple is set to wrap up a legal battle with the SEC in the US, possibly on favorable terms for the company. Over the course of the month, XRP rose by a respectable 35% to $0.4458.
On the other side of spectrum, the worst performer in the group was ethereum (ETH), with a fall of more than 19% for the month to $1,302. ETH has been selling off after its highly anticipated Merge event in September, possibly due to a ‘sell the news’ effect.
The number one cryptocurrency my market cap, bitcoin (BTC), saw a small drop in price of around 4.3% for the month to $19,225.
Looking at the same 10 coins over the course of the entire quarter, we can see that XRP again stands out as the winner, with a 39.5% gain for the quarter.
XRP was followed by BNB, Binance’s exchange token and the native token of the BNB Chain, which rose 28.5% for the quarter to $286.23. Meanwhile, the third best performer was ETH – the loser from September – which over the quarter as a whole managed to
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